Bitcoin price approaches $70,000, Ethereum regains $2,100

There has been a clear recovery in the digital currency market, with the price of Bitcoin rising sharply, ending the weekend’s calm and approaching the $70,000 level.

Bitcoin’s price rose from around $67,000 to $69,600 before encountering resistance at this level.

The move comes after a tumultuous week driven by geopolitical developments, with prices swinging between $65,000 and $69,000.

Oil prices rose and U.S. stock index futures recovered, driven by reports of the possibility of negotiations despite continued conflicting narratives about the conflict in the Middle East.

Currently, the market value of Bitcoin has risen to approximately US$1.38 trillion, and its market dominance has increased to 56.5%.

On the other hand, alternative digital currencies performed well overall, with Ethereum regaining $2,100 levels after rising more than 4%.

XRP also rose to near $1.35, while Cardano gained around 6% to surpass the $0.25 level.

Other tokens such as Solana, LINK and AVAX also recorded significant gains, with the latter rising 7%.

Despite the good performance, some currencies saw limited losses, most notably RAIN, which fell around 10%.

Overall, the market grew by more than US$60 billion in a single day, with a total value reaching approximately US$2.45 trillion.

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